Jefferies Financial Group Inc. Takes $22.89 Million Position in Brookfield Asset Management Ltd. $BAM

Jefferies Financial Group Inc. purchased a new stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 436,978 shares of the financial services provider’s stock, valued at approximately $22,893,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Check Capital Management Inc. CA lifted its holdings in shares of Brookfield Asset Management by 10.4% during the 4th quarter. Check Capital Management Inc. CA now owns 12,786 shares of the financial services provider’s stock valued at $670,000 after buying an additional 1,200 shares during the period. FourThought Financial Partners LLC bought a new position in shares of Brookfield Asset Management during the 4th quarter valued at $230,000. Global Retirement Partners LLC lifted its holdings in shares of Brookfield Asset Management by 143.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,329 shares of the financial services provider’s stock valued at $70,000 after buying an additional 782 shares during the period. Griffin Asset Management Inc. bought a new position in shares of Brookfield Asset Management during the 4th quarter valued at $762,000. Finally, Leonteq Securities AG bought a new position in shares of Brookfield Asset Management during the 4th quarter valued at $323,000. 68.41% of the stock is owned by institutional investors.

Brookfield Asset Management Price Performance

Shares of Brookfield Asset Management stock opened at $47.96 on Friday. Brookfield Asset Management Ltd. has a one year low of $42.20 and a one year high of $64.10. The stock’s fifty day moving average is $46.27 and its 200 day moving average is $49.70. The stock has a market cap of $78.56 billion, a P/E ratio of 31.14, a P/E/G ratio of 1.95 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 1.38.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Friday, May 8th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Brookfield Asset Management had a return on equity of 30.66% and a net margin of 49.69%.The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Sell-side analysts anticipate that Brookfield Asset Management Ltd. will post 1.74 earnings per share for the current year.

Brookfield Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a $0.5025 dividend. This represents a $2.01 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, May 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 130.52%.

Analysts Set New Price Targets

BAM has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price target on Brookfield Asset Management from $74.00 to $65.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Wall Street Zen cut Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. lowered their price target on Brookfield Asset Management from $72.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. UBS Group set a $52.00 price target on Brookfield Asset Management in a report on Friday, February 20th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $50.00 target price (up from $48.00) on shares of Brookfield Asset Management in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.21.

Brookfield Asset Management Company Profile

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.